Please help me with a solution

I am having a travels company, I purchased vehicles in the month of November 2020, for my business and I have an itc of around 200000, can I claim ITC as I am making exempt supplies since April 2020, but exempt supplies pertains to my travel business

 

Replies (5)
Quick Summary
A travel company owner purchased vehicles in November 2020 and has a significant Input Tax Credit (ITC) available. They are seeking advice on whether they can claim this ITC, as their business has been making exempt supplies since April 2020. The consensus from the discussion is that if your outward supplies are exempt, you generally cannot claim ITC, meaning it would become a cost to the business.

Yes you can claim ITC
No you cannot avail the credit....
Ur outward supply is exempt supply then u can't claim itc it would be cost
Yes yes for exempt supplies you cannot avail ITC

Thank you so much... 

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